jeffw@lemmy.world to politics @lemmy.world · 5 months agoIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.orgexternal-linkmessage-square102fedilinkarrow-up1608arrow-down16
arrow-up1602arrow-down1external-linkIt has now been 15 years since the federal minimum wage rose to $7.25www.npr.orgjeffw@lemmy.world to politics @lemmy.world · 5 months agomessage-square102fedilink
minus-squareTheReturnOfPEB@reddthat.comlinkfedilinkEnglisharrow-up17·edit-25 months agoAnd in 80 years it has risen $7.00 from its 25¢/hour origins. We need a new word for dignity because the one we are using is doing it wrong.
minus-squareCataphract@lemmy.mllinkfedilinkarrow-up2·5 months agowith context, that’s a 2800% increase in 80 years, a 35% increase per year average. 15 years = 525% increase lost, final value would be 45 per hour. I have no idea if this is right and don’t condone this math for any reference.
And in 80 years it has risen $7.00 from its 25¢/hour origins.
We need a new word for dignity because the one we are using is doing it wrong.
with context, that’s a 2800% increase in 80 years, a 35% increase per year average. 15 years = 525% increase lost, final value would be 45 per hour. I have no idea if this is right and don’t condone this math for any reference.